Blog

Lovin' Lole

July 05, 2011

We are pleased to announce that ladies active apparel specialist Lole, have opened their 2nd store in Montreal (see photo). The newest Atelier Lole opened, in mid-June at 4868 Sherbrooke Street West, in the upscale Montreal neighbourhood of Westmount The store is 1500 sq.ft.

From the live green wall (evoking the a city park), to the social living (ipad) wall, to the Lole pantry, the new store is truly a brand statement. The store is all about the active woman, her love of the outdoors, her continuing desire to be inspired, and her pursuit of well being. Lole offers their clients free exercise meet-ups at parks, twice a week, led by their ambassadors, who are renowned experts at Yoga, Pilates, Zumba, and urban fitness. Through their Lole and Friends program, Lole offers a sense of community to woman worldwide that Live Out Loud Everyday, who wish to connect and exchange ideas about exercise, health, travel...etc. Lole designs clothes to match these passions. Furthermore, at Lole, tea and fruits are served daily at 3 pm. 

I'd like to thank Michael Doroshenko from Cromwell management (Lole's landlord on Sherbrooke St) for his help, efforts, and patience during our negotiation of this transaction.

Later this summer, Lole will enter Ontario, with 2 openings. First the company will open in Oakville, on Lakeshore Rd. Approximately 30 days thereafter, Lole will open at Bayview Village, in Toronto.

Going forward, Lole plan to open 6 store locations in 2012. Markets of interest include: Alberta, BC, and Ontario. Size required is 1500 sq.ft (with minimum 20 ft frontage). Both high pedestrian street-front locations and super-reginal malls will be considered.

For more information on Lole, please visit their website at www.lolewomen.com.

Fossil Taps Canada For Further Expansion

May 16, 2011

We are excited to announce that Fossil Inc. and Canada's leading fashion mall landlord, Cadillac Fairview have concluded two new transactions.

First, in mid-June, Fossil will open its second location in the province of Quebec, at Carrefour Laval. The store will be 1550 sq.ft., with 25 foot wide storefront. Neighbouring tenants include Marciano, Lucky Brand Jeans, Guess, and Pandora. Carrefour Laval is the top performing mall in the province of Quebec, with sales of approximately $670 psf. The shopping centre has a GLA of approximately 1.2M sq.ft.
 
Then, in early September, Fossil will open a flagship location at Rideau Centre in Ottawa. The opening will mark Fossil's entry into Ottawa (Canada's 4th largest city). The premises are 2000 sq.ft, with 30+ ft frontage, and will be Fossil's largest (full priced) location in Canada. The store is strategically situated on the mall's 2nd level, adjacent Aldo, Benetton, Coach, Lacoste, Banana Republic, Michael Kors...etc Rideau Centre is #5 ranked mall in Canada (#1 in Ottawa) in terms of sales performance, with sales of  approximately $910 psf.

I'd like to thank both Sylvie Plourde and Cindy Van Buskirk of Cadillac Fairview, for all of their help and efforts throughout the negotiations. Like an expert, Sylvie kept us on course at all times (even those difficult ones). As for Cindy, her longstanding support for Fossil is greatly appreciated. 

Fossil is seeking to open additional Canadian locations. Markets of interest include Vancouver, Montreal, Toronto, Halifax and Moncton. Size required is 1200-1500 sq.ft (minimum frontage of 23.5 ft). Fossil will consider super regional shopping centres and street-front locations.

Further to the above, Fossil is also prepared to open an outlet location in Ontario. Minimum size required is 3000 sq.ft.

Fossil is based in Richardson, Texas and currently operate over 360 corporate store locations in 20+ countries.

For more information on Fossil, please visit their website at www.fossil.com.

Le Creuset Opening Confirmed for Sherway Gardens

May 09, 2011

We are pleased to announce that Le Creuset will open its 2nd Canadian location, and first in Ontario, at Sherway Gardens. The leased premises is 1350 sq.ft and will be situated adjacent Lululemon, Coach, William Sonoma, and Michael Kors. The store is scheduled to open in mid-August.

Owned by Cadillac Fairview, Sherway Gardens is the #6 ranked centre in Canada (#4 in Ontario) in terms of sales performance, boasting sales slightly above $900 psf. The mall has a GLA of 988,000, with approximately 210 stores.

I'd like to thank Bob Ryan (CF Director of Leasing Ontario Portfolio) for his help in completing this transaction.

Le Creuset opened their 1st Canadian location in August 2010 at Chinook Centre in Calgary. At present, there are approximately 118 Le Creuset (corporate) stores operating in 15 countries.

For more information on Le Creuset, please visit their website at www.lecreuset.com.

Pinkberry Set to Open 1st Canadian Location

April 25, 2011

We are pleased to announce that Pinkberry will open its 1st Canadian location, on July 1, at The Village at Park Royal in Vancouver. The store will be 850 sq.ft with approximately 25 ft frontage.

Park Royal is located in West Vancouver and is home to both an enclosed mall and Canada's 1st lifestyle centre. The property has a GLA of approximately 1.1M sq.ft., and over 225 stores.  Furthermore, with sales of $690 psf Park Royal is the #13 rank centre in Canada, in terms of sales productivity.

I'd like to thank Maria Holly and all of the Larco team for their help in completing this agreement.
 
In addition the Park Royal opening, Pinkberry has come to terms to open a second Vancouver location, on November 1. More details to follow soon.

In less than 5 years, Pinkberry has become the leader in the frozen yogurt category and has developed a cult like following with its customers. Pinkberry operates over 100 locations in the US, Middle East, Mexico. In 2011, the company has finalized plans to enter new markets such as China, Russia, Canada...etc. Also, Pinkberry expects to double its total store count in each of the next 4 years.

Pinkberry's Canadian expansion efforts continue to concentrate on the province of British Columbia. The company will consider street-front locations, super regional centres, and power centres. Centres with movie theatres are preferred. Size required is 600-900 sq.ft for an in-line store. Kiosk (250 sq.ft) locations are also of interest.

Please feel free to give us a call if you have any questions, comments, or sites that you with to proposed.

For more information on Pinkberry, please visit their website at www.pinkberry.com.

Livin Loud - Lole to Enter Ontario

March 28, 2011

We are pleased to announce that ladies activewear specialist, Lole (Live Out Loud Everyday) will open 2 new stores, this summer.

The first location opens June 15th, on Sherbrooke Street West, in Montreal. The premises will be 1500 square feet. Lole is set join other retailers such as Uggs, James Perse, North Face, Starbucks...etc, who have also opened, in the affluent and trendy, Westmount shopping district.

I'd like to thank Michael Doroshenko of Cromwell Management (the landlord) for all of his patience and efforts throughout our negotiations.

Drum roll please.

In July, Lole opens their first location in Ontario, on Lakeshore Road East, in Oakville. The premises will be approximately 2000 square feet. Lakeshore Road East boasts a very strong, upscale shopping market, which is home to many terrific retail brands including,  Roots, Urban Outfitters, Lululemon, Tommy Bahama..etc.

My compliments and thanks go out to Kartik Ganatra for his assistance and tenacity.

In addition to the above, we anticipate the opening of one more Lole store in 2011. Super regional shopping centres in Ontario, are of interest. Size required is approximately 1500 square feet.

At present, there are two Lole stores; one in Montreal and the second, in Geneva.

Don't forget to check out the Lole App on ITunes - LolePop. Download your photos and they will be displayed in Lole's stores. Cool.
 
For more information on Lole, please visit their website at www.lolewomen.com

Fossil - Record Sales and Earnings

March 10, 2011

Late last month, Fossil Inc released it's 4th quarter results for 2010; the results were outstanding.

Fourth Quarter Results (2010 vs 2009)

- Net sales increased 32.8% to $701.1 million compared to $527.8 million
- Gross Profit increased 34.5% to $400.1 million, or 57.1% of net sales, compared to $297.6 ,million, or 56.4% of net sales;
- Operating income increased 38.5% to $149.5 million, or 21.3 of net sales, compared to $108 million, or 20.5% of net sales
- Net income increased 38.1% to $96.7 million compared to $70 million
- Global retail comps Increased 20.3%

Fiscal Year Results

- Net sales increased 31.2% to $2.03 billion compared to $1.55 billion
- Gross Profit increased 36.7% to $1.16 billion, or 56.9% of net sales, compared to $0.84 ,billion, or 54.6% of net sales;
- Operating income increased 77.9% to $376.4 million, or 18.5 of net sales, compared to $211.6 million, or 13.7% of net sales
- Net income increased 83.4% to $255.2 million compared to $139.2 million

Fossil is prepared to open approximately 6 Canadian locations in 2011, and are targeting super-regional malls. Size required is 1500 sq.ft (with minimum of 23.5 ft storefront).

In addition, Fossil is also seeking to open one Fossil Outlet in Ontario or Quebec in 2011. Size required is 3000-6000 sq.ft.

Fossil is also now prepared to open the first Watch Station store in Canada, which specializes in the sale of all licensed brand watches (Michele, Burberry, DKNY, Armani...etc).  

Fossil operates 360 corporate stores in 15+ countries.

For more information on Fossil, please visit their website at www.fossil.com.

Should you have any questions, comments, or require additional information, please contact me.